GlobeNewswire Inc | Dec 17, 2021 09:00PM EST

December 18, 2021

NEW YORK, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Lucid Group, Inc. (Lucid or the Company) (NASDAQ: LCID) on behalf of Lucid stockholders. Our investigation concerns whether Lucid has violated the federal securities laws and/or engaged in other unlawful business practices.

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On December 6, 2021, Lucid disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that [o]n December 3, 2021, [Lucid] received a subpoena from the [SEC] requesting the production of certain documents related to an investigation by the SEC. Although there is no assurance as to the scope or outcome of this matter, the investigation appears to concern the business combination between the Company (f/k/a Churchill Capital Corp. IV) and Atieva, Inc. and certain projections and statements.

On this news, Lucids stock price fell sharply during intraday trading on December 6, 2021.

If you purchased or otherwise acquired Lucid shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra B. Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Contact Information:

Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Alexandra B. Raymond, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com